With 28 licenced stores in Alberta, Manitoba and Saskatchewan, NAC plans to continue their growth in these provinces as well as in Ontario, once licensing opens up to more private retailers.
NAC will be opening an additional five META store locations in Manitoba by the end of Q4 2019. The company already has seven fully-built stores in Alberta and is just waiting for the Alberta Gaming, Liquor and Cannabis Commission to grant them licences. NAC has already submitted applications for seven licences in BC.
Despite supply constraints in the market, the company has enjoyed growing revenues and a cumulative gross margin in excess of 31%.
NAC plans to have 40 stores operating by the end of calendar 2019, and 110 by the end of calendar 2020.